PPT-When does Ford Credit recognize bad debt expense associated with a new car loan?

Original blog posting December 17 2013 Buyers with credit scores of less than 500 made up more than 27 percent of loans for new vehicles General rule of thumb is that a good credit score is . . . By Hema Moryani. Basics of Debt . They are contracts in which one party lends money to another at certain pre determined terms. Objectives. Describe the five C’s of credit. Explain how commercial loans are evaluated. Describe the steps in applying for a loan. Five C’s of Credit. Banks look at the customer’s . creditworthiness. What is Credit. ?. Someone lends you money . 1. The . original amount borrowed is called the ___. Principal . Common Types of Credit. 2. Which . type of credit has the highest interest rates? . Credit Card . Homework. (Passport page 38). Welcome!. Paying Down Debt. Debt Snowball. Predatory Lending Trap. Types of Predatory Loans. Payday Loans. Refund Anticipation Loans. Car Title Loans. Rent-to-Own Contracts. Agenda. Start time: ____ . Break time: ____ (10 minutes). End time: ____.  . Please set phones to silent ring and answer outside of the room.. How I Feel About Credit and Debt. How do you feel about being in debt? Here are some sample statements. Check the one that is closest to your own attitude.. GETTING OUT OF DEBT. MINI-LESSON. INDIANA DEPARTMENT OF FINANCIAL INSTITUTIONS. CONSUMER EDUCATION. INTRODUCTION. . . This mini-lesson includes learning objectives, background information, discussion questions, an activity, and sources of additional information.. Personal Financial Literacy:. Debt Management and Credit Worthiness. Terms. Deposits. Withdrawals. Transfers. Overdraft fees. Automated . Transactions. Bounced Checks. Loan. Debt. Personal Debt. Your . Overview of Consolidation and Refinancing Options . PASFAA Spring Training March 13th and 15th.. Tom May, Vice President. Citizens Bank Student Lending. Citizens Bank Legal Disclaimer. The information presented in these materials are intended and written to be educational only. This presentation is not intended or written to be relied on for tax or legal advice. We are not in the business of providing tax or legal advice. Please seek advice based on your particular situation from an independent tax or  legal advisor.. Name, county, and date here. All Credit is Not Equal. Affordable Credit. vs. .. Too . Much Credit. When you use credit,. you’re spending money . before . you earn it. .. Types of . Credit:. Revolving Credit Account. (Passport page 38). Welcome!. Paying Down Debt. Debt Snowball. Predatory Lending Trap. Types of Predatory Loans. Payday Loans. Refund Anticipation Loans. Car Title Loans. Rent-to-Own Contracts. Alternatives to Predatory Loans. What would be considered good credit?. On average how many credit cards does the average household have?. How do credit cards make money?. Video. Who are credit card companies best and worst customers?. (Passport Page 32). Welcome!. Define credit and loan. Understand credit reports and credit scores. Distinguish between secured and unsecured loans. Identify the costs associated with getting a loan. Identify the factors lenders use to make loan decisions. . . By Hema Moryani. Basics of Debt . They are contracts in which one party lends money to another at certain pre determined terms. Credit Card Debt Good vs. Bad Debt 12 th Grade Advisory Activity Basic Credit Card Information Credit card average interest rate: 16-17% When credit card bills are paid off within a month, no interest is paid